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Semafor africa
🟡 Semafor Africa: Trump’s DEI ban hits Africa
In this edition: Trump’s DEI ban hits gender-lens investing, US deportation deals, and the Côte d’Ivoire city drawing French rappers.
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Bill Gates ‘horrified’ by cuts to US aid overseas, warns children will die
Gates plans to give away up to $200 billion by 2045, when he will sunset his foundation.
Al Lucca/Semafor
African countries mull migrant deportation deals with Trump admin
Rwanda acknowledged it is in discussions with the White House, while Angola, Benin, and Equatorial Guinea have also reportedly held talks.
Nicolas Economou/NurPhoto/Reuters
Telecom giant Airtel Africa teams up with Starlink
Starlink has obtained licenses to operate in nearly two dozen African countries since its debut in Nigeria two years ago.
A technician mounts a Starlink satellite dish in Niger. Boureima Hama/AFP via Getty Images.
Trump’s DEI ban throttles Africa’s gender investments
The US president’s push had caused institutional investors to back away from funds that raise capital for women-led businesses.
Kent Nishimura/Reuters
Trump to end backing for African Development Bank fund
The Trump administration plans to slash funding for the bank’s main development fund as part of its sweeping cuts to foreign aid.
African Development Bank annual meeting in Nairobi in 2024. Simon Maina/AFP via Getty Images
Nigeria accuses Meta of pressure campaign over threat to cut off apps
Meta has threatened to withdraw Instagram and Facebook from the country after facing huge fines for allegedly violating regulations.
Yves Herman/File Photo/Reuters
Analysis: Why it’s time for African led-growth
As traditional development models fray, the ONE Campaign CEO says there’s an opportunity for a bold growth agenda built on the continent.
Hollywood producer, investors back Nigerian traditional fighting league
Dambe, the major product of the African Warriors Fighting Championship, is a centuries-old boxing sport that is popular in the country’s northern region.
Afreximbank financing could boost Africa’s oil trade
The new financing program could unlock up to $14 billion of additional oil trade on the continent.
Nigeria’s Dangote bullish on ‘winning’ fight for his $20B refinery
Aliko Dangote, Africa’s richest man, vowed to push through his plan despite challenges from oil importers.
Africa’s startup ecosystem needs ‘big exits’ to grow
Investors must start realizing returns on their bets, a top official at the World Bank’s private investment arm told a summit of venture capitalists in Lagos.
Ethiopia’s state-owned Ethio Telecom records lackluster IPO
The mobile operator sold only 10.7% of shares in its initial public offering aimed at boosting the country’s struggling economy.
Analysis: Reframing an optimistic Africa
What if the world’s most untapped opportunity became the single story of Africa?
Will the next pope be African?
Three African cardinals are among the potential contenders to become the next leader of the Roman Catholic Church.
US State Department retains Africa bureau
Embassies and consulates on the continent could still be under threat, according to a leaked memo.
Côte d’Ivoire’s main opposition leader disqualified from polls
Tidjane Thiam described the court’s decision as an ‘act of electoral vandalism.’
How Trump’s trade war could bolster the Africa-China relationship
Kenyan President William Ruto heads to Beijing this week, the first African leader to be hosted by Xi Jinping since Washington unleashed its unprecedented global tariffs.
World Bank’s investment arm targets rise in African equity investments
The head of the IFC told Semafor the aim is to enable companies to grow without the “burden” of debt repayments.
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